Punjab National Bank

PNB asks housing financing arm to consider restructuring of Rs. 4,000 crore Carlyle deal

PNB Housing Finance said it received a letter from PNB on July 4 and subsequent to that the board of the company met on July 5 and 6, 2021.

published on : 7th July 2021

SC seeks response of Centre, RBI on plea of PNB against disclosure of information under RTI

The apex court tagged the plea of the Punjab National Bank (PNB), which is a public sector unit bank, with a similar pending case filed by HDFC Bank against the RBI's direction.

published on : 3rd July 2021

Will keep making efforts to pursue Nirav Modi's early extradition to India from UK: MEA

The UK High Court's decision came over two months after the wanted diamond merchant's extradition to India was ordered by UK Home Secretary Priti Patel in the PNB scam case.

published on : 24th June 2021

UK High Court rejects Nirav Modi's extradition plea, has 5 days to appeal for oral hearing

Nirav Modi remains behind bars at Wandsworth Prison in south-west London since his arrest over two years ago on 19 March 2019.

published on : 23rd June 2021

Wilful defaults go downhill amid stay on tagging NPA, but may spike in FY22

The comparison may not be entirely apt as the number of banks reduced from 17 to 10 in FY21 due to mergers and also due to privatisation of IDBI Bank. 

published on : 8th June 2021

RBI imposes penalty totalling Rs 6 crore on Bank of India, Punjab National Bank

The RBI said the statutory Inspection for Supervisory Evaluation of Bank of India was conducted with reference to its financial position as on March 31, 2019.

published on : 7th June 2021

Punjab National Bank eyes 3-fold rise in profit at nearly Rs 6,000 crore in FY'22

Despite COVID-19, the bank's profit surged over five times to Rs 2,022 crore during the financial year ended March 2021, against Rs 363.34 crore during 2019-20.

published on : 5th June 2021

Nirav Modi extradition: Finance Ministry's prompt measures helped in process, says official

According to the government official, a scam of this magnitude had potential to create instability in the financial sector but the deft handling saved the entire public sector banking space.

published on : 17th April 2021

Punjab National Bank plans to hire non-judicial member to scrutinise proposals on compromise, write off

The public sector lender has invited expression of interest (EoI) from professional or retired personnel based in or around Delhi.

published on : 2nd April 2021

PNB fraud: Warrant against Nirav Modi's sister, brother-in-law kept in abeyance

A special PMLA court kept in abeyance the warrant issued against the sister and brother-in-law of fugitive diamond merchant Nirav Modi till further orders.

published on : 1st April 2021

Nirav Modi extradition: Mumbai's Arthur Road jail keeps special cell ready

The jail official said that once Nirav Modi is brought to Mumbai, he will be kept in one of the three cells of barrack number 12, which is a high security barrack.

published on : 26th February 2021

State-owned PNB to raise Rs 3,200 crore from share sale by March

The bank has already raised Rs 3,788.04 crore from qualified institutional placement (QIP) in December following which the government holding in the bank came down from 85.59 per cent.

published on : 6th February 2021

Court denies bail to retired bank official in PNB scam case

Special judge for cases under the Prevention of Money Laundering Act VC Barde rejected Gokulnath Shetty's bail plea.

published on : 30th January 2021

 Punjab National Bank donates books to children as part of CSR

​On the occasion, the Bank’s Zonal Manager, Ashutosh Choudhury, visited Vijayawada circle and participated in the Corporate Social Responsibility activities.

published on : 21st January 2021

Judgment day in Nirav Modi UK extradition case on February 25

District Judge Samuel Goozee confirmed the timeline on Friday, at the end of closing submissions in the case at Westminster Magistrates' Court in London.

published on : 8th January 2021
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